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5 Replies Last post: May 16, 2008 1:39 AM by TJMorehead

Need a Business Loan for Retail Business

May 15, 2008 6:50 PM

Click to view vmessence's profile Professional vmessence 3 posts since
May 15, 2008
I have been in business since May of 2006. I have used my personal funds to purchase merchandise, and to maintain my website which didn't do well at all through Yahoo. So i had to cancel, because of the monthly fees from Yahoo, Merchant Account, and Search Marketing to drive customers to my website. I fell behind with my personal debt trying to start my business. I applied for business loans, and i have been turned down my several companies. The only business credit i have is with Staples, which is paid off no balance. I have started on a business plan but i truely feel it's not strong enough to obtain a loan. I'm registered with several business sites to gain knowledge on how to start a business. I have the perfect location to open up a store front, and have been communicating with different realtors about leasing. I also have all my vendors lined up from trade shows that i attended, to purchase more products for this coming season. I can't keep putting my self in debt by using my personal funds to keep the business going. I have spent over 3,000.00 dollars total.
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Click to view LUCKIEST's profile SCORE LUCKIEST 5,749 posts since
Aug 6, 2007
1. Re: Need a Business Loan for Retail Business May 15, 2008 7:59 PM
Need a Business Loan for Retail Business, Welcome to this web site.

You have been in business since May of 2006. Where are you like City and State??
Do you have a Business Name?? Have you applied for a Federal I D Number??
Do you have an Accountant??
Where is your business located if you NOW have the perfect location??

What do you want?? and for how long??

LUCKIEST
Click to view vmessence's profile Professional vmessence 3 posts since
May 15, 2008
2. Re: Need a Business Loan for Retail Business May 15, 2008 10:46 PM
in response to: LUCKIEST
Yes i have a business checking account, and all my business state and federal i.d number My Business name is VM The Essence Fashion. I had a internet home based business looking to open a store front. Detroit, MI. I need money to open store front. I have a location that i'm looking at now for my target market.


Melanie

Click to view MRFINANCE's profile Mogul MRFINANCE 104 posts since
May 11, 2008
3. Re: Need a Business Loan for Retail Business May 15, 2008 11:19 PM
Hi!

Are you accepting credit cards in your business?

Many companies, like my company, Richton Funding, offer business advances to merchants that accept credit cards based on their monthly sales. The future sales are being "factored" and basically sold for an upfront advance. Your credit scores don't matter!

See my website www.businessloansfast.net

Joe

718-692-2274

Richton Funding

Click to view vmessence's profile Professional vmessence 3 posts since
May 15, 2008
4. Re: Need a Business Loan for Retail Business May 15, 2008 11:25 PM
in response to: MRFINANCE
Yes i will be accepting credit cards.
Click to view TJMorehead's profile Mogul TJMorehead 98 posts since
Mar 16, 2008
5. Re: Need a Business Loan for Retail Business May 16, 2008 1:39 AM
Hi Vmessence,

Wanted to share my information with you regarding your finance issue. I'd be happy to offer a recommendation for you. In the interim, you can visit my website www.moreheadsconnections.com for further consideration.

Warm regards,
TJMorehead